This past monday my dad went into his account and discovered there was a $800k debit from his check/savings account. Immediately he called BOFA and they are investigating but meanwhile he has no access to no funds. My mom's account is the same way. BOFA stated it'll take 7-10 days for them to investigate and determine how much money was actually in teh account before they can send out a check for that amount. The mortgage, car payments, bills due on the 1st were not paid. I know payday loans are no a good idea but would it be a good idea in this case so they can pay the bills/mortage??? I don't have the money right nwo to lend them.
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.